ARTICLE 28
Entry into Force
(1) Each of the Contracting States shall notify to the other, through the diplomatic channels, the completion of the procedures required by its domestic law for the bringing into force of this Convention. This Convention shall enter into force on the date of the later of these notifications and its provisions shall have effect:
- (1) in Serbia and Montenegro:
- (a) in respect of the taxes on income derived and the taxes on capital owned in each fiscal year beginning on or after 1 January in the calendar year next following that in which the Convention enters into force;
- (2) in the Czech Republic:
- (i) in respect of taxes withheld at source, to income paid or credited on or after 1 January in the calendar year next following that in which the Convention enters into force;
- (ii) in respect of other taxes on income and taxes on capital, to income or capital in any taxable year beginning on or after 1 January in the calendar year next following that in which the Convention enters into force.
(2) The provisions of the Convention between the Czechoslovak Socialist Republic and the Socialist Federal Republic of Yugoslavia for the avoidance of double taxation with respect to taxes on income and on capital, signed at Prague on 2 November 1981, shall cease to be in force and in effect in the relations between the Czech Republic and Serbia and Montenegro on the date of the entry into effect of this Convention.